ADAMAS TRUST, INC.

Adamas Trust, Inc. is a real estate investment trust that acquires, finances, and manages mortgage-related residential assets across the United States. The company operates primarily in the residential mortgage and multifamily investment space, holding a diversified portfolio that includes agency and non-agency residential mortgage-backed securities, residential loans across various performance categories, multifamily loans, preferred equity investments, and single-family rental properties.

The company operates through two segments. The Investment Portfolio segment manages its core diversified holdings of mortgage-related and residential assets, including business purpose loans, performing and non-performing residential loans, multifamily investments, and structured securities. The Constructive segment functions as a business purpose loan lender, specializing in rental and transitional financing for real estate investors, and originates and sells loans to other market participants.

Based in New York, New York, the company operates with a workforce of 221 full-time employees. As a REIT incorporated in Maryland and listed on the Nasdaq, Adamas Trust is required to distribute at least 90 percent of its taxable income to shareholders annually to maintain its tax-advantaged status. The company was formerly known as New York Mortgage Trust, Inc. prior to its rebranding in September 2025.